Reborn in 2014: A One-Man Tycoon

Chapter 349 The Mad Sun Dashan

Sun Dashan's idea was wonderful.

But the reality is very bleak.

He believed that with his actions, private capital would not have the financial resources to follow up.

This is one of them.

Secondly, as long as he dumps 800 billion in short positions.

It's impossible for the market not to panic.

Like a domino effect, Agricultural Bank of China's stock price will plummet.

However, he overlooked the fact that this so-called private capital was none other than Meng Chuan, whom he hated.

Meng Chuan has no shortage of money.

Meng Chuan alone took more than 400 billion from the Sun family.

Moreover, Meng Chuan not only had abundant funds, but also absorbed his 800 billion yuan short position.

Most importantly, a group of institutions were scrambling to buy in.

The institutions had already sensed that the scheme was being orchestrated, and at the same time, they believed that the national team was backing them up.

Therefore, although some retail investors hurriedly sold off their shares, the small amount they had was far from enough to satisfy the appetites of those institutions.

Even without Meng Chuan's intervention, Agricultural Bank of China's stock price quickly rose to -2%.

And it's still rising slowly.

"Very good! Hold on! Keep Agricultural Bank of China at -2%! We won't intervene unless it continues to fall."

Meng Chuan stared at the numbers flashing on the twenty screens in front of him, casting his face in flickering light and shadow.

A 2% drop is Meng Chuan's bottom line, and also the bottom line that the market can accept.

Sidu Headquarters.

"I don't care who you are, if I, Sun Dashan, want to fall, I absolutely will not allow it to rise."

Sun Dashan roared hysterically:

"Put another 300 billion into my short positions, no! Go all out and put 500 billion into short positions."

At this moment, Sun Dashan was like a gambler who had lost everything.

His sarcastic remarks about Thomson yesterday are still ringing in my ears.

He absolutely cannot allow himself to fail, otherwise he will not only become an international laughing stock.

This will also seriously affect his future prospects in Sidu and even in castle investment.

He had to prove himself, work hard to climb the ladder, and get into the heart of Castle Investment.

Only then would he have the opportunity to seek revenge on Meng Chuan.

"Mr. Sun, we don't have that much capital! We can only offer a maximum of 40 billion."

"One of the traders behind Sun Dashan said in fear."

The amount of money was enormous; he had never burned such a large sum of money even when burning paper money for his ancestors.

In fact, Sun Dashan had made thorough preparations this time.

For today's battle, he has practically emptied his coffers, preparing 1700 billion.

Previously, in order to draw Meng Chuan's attention, he used 500 billion as a smokescreen, which he then used against ICBC.

Then another 800 billion yuan was poured into the Agricultural Bank of China.

We only have 400 billion yuan of capital left.

What remains are the equity, bonds, or other financial derivatives held by Sidu on behalf of its clients.

For example, futures contracts and options contracts.

Simply put, Sidu is a financial management company.

Clients entrust him with their money to manage their finances in order to preserve and increase the value of their assets.

However, these "money" were merely held on behalf of others.

He is not authorized to resell or alter the product without the customer's consent.

If he really dares to do it indirectly, it would be fine if he made money, he could just secretly buy it back, and maybe he could do it without anyone noticing.

The consequences of losses would be unimaginable.

"Turn up the leverage, give me 4 times leverage."

Sun Dashan said hysterically.

He certainly didn't have the courage to sell his clients' equity bonds to cash out.

But he dared to use leverage.

However, after Sun Dashan said this, the group of traders looked at each other in bewilderment.

"What are you doing? Are you all stupid? Hurry up..."

Sun Dashan was like an angry leopard ready to pounce on its prey.

“Mr. Sun, the maximum leverage in the domestic stock market is only 2 times, and 50% is required as margin. The funds we can actually use are only 400 billion.”

"One of the traders said, forcing himself to speak."

Sun Dashan then realized what was happening.

He was so angry he lost his mind.

This is China, not the United States.

In China's stock market, leverage is limited to 2x and the margin requirement is strictly enforced.

Using 400 billion with a 2x leverage ratio, it appears on the surface that it can leverage 800 billion.

It's possible that only 400 billion will be used, with the remaining 400 billion to be used as a security deposit.

Unlike in the United States, where you can leverage up to 4x, the margin requirement is only 30%.

"Then we'll leverage it by 2x and use securities lending to borrow 400 billion yuan in cash from the central company."

Sun Dashan is determined to go all in today.

He no longer wanted to consider the consequences.

Normally, with 400 billion yuan in margin deposits used as collateral, only a certain percentage can be borrowed, with a maximum of 350 billion yuan.

Kosto and the Central Company had already reached some secret agreements.

They are in the same boat.

Sun Dashan believed that the central company would understand the importance of the matter and would lend him 400 billion.

"This……"

The trader hesitated; it was too risky.

just in case……

"What are you doing? Am I the person in charge or are you? Do it right now, or you're all fired."

Sun Dashan roared angrily.

Even the traders dared to question him.

Sun Dashan felt that his authority had been greatly challenged.

"Yes Yes Yes!"

The trader hurriedly started typing on the keyboard.

They split up and acted separately.

Leverage it up, and throw out 400 billion yuan first.

The other traders used 400 billion in margin to convert it into securities for short selling and borrowed money from the central company.

However, to Sun Dashan's surprise, the trader suddenly dumped 400 billion yuan worth of short orders without warning.

The candlestick on the intraday chart immediately plummeted vertically like a guillotine.

-2%! -3%! -5%...

Looking at the fluctuating numbers, a smile finally appeared on Sun Dashan's face.

"Haha, it seems I overestimated my opponent. They can't even hold on to 400 billion."

Sun Dashan rubbed his hands together excitedly:

"However, we still need to borrow it. Quickly, get the central company to transfer the money as soon as possible. I want the last 400 billion to be the last straw that breaks the camel's back."

Sun Dashan shouted excitedly.

Victory is just around the corner.

If the leading stock falls by more than 7% in a single day, the entire sector's margin trading will be wiped out.

Now there's only 2% space left, and we can go all out.

Once the price surges, there's no need for him to spread false information; all the investors will scare themselves.

And indeed, it was the right time.

At this moment, in the trading hall of the A-share market, all the investors and even the staff stopped what they were doing.

In a venue with hundreds or even thousands of people, you could hear a pin drop.

They were frozen in place, staring intently at the huge screen on the wall.

Looking at the sea of green candlestick chart, many people choked up.

What's even more disheartening is that only a few minutes later...

Another short order worth 400 billion was suddenly placed.